Asia-Pacific: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Asia-Pacific

The Asia-Pacific unvulcanised rubber market rose modestly to $X in 2023, increasing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Production in Asia-Pacific

In value terms, unvulcanised rubber production reached $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports in Asia-Pacific

Unvulcanised rubber exports expanded sharply to X tons in 2023, picking up by X% on 2022 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, unvulcanised rubber exports stood at $X in 2023. Over the period under review, exports, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporting country with an export of about X tons, which resulted at X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with an X% share, followed by China (X%), Japan (X%), South Korea (X%) and Indonesia (X%). Taiwan (Chinese) (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to unvulcanised rubber exports from Thailand stood at X%. At the same time, China (X%), Indonesia (X%), Malaysia (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Malaysia, China, Indonesia and South Korea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. China, Malaysia, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in Asia-Pacific

In 2023, approx. X tons of unvulcanised rubber were imported in Asia-Pacific; surging by X% compared with the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, unvulcanised rubber imports reduced modestly to $X in 2023. In general, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, India (X tons) was the largest importer of unvulcanised rubber, mixing up X% of total imports. China (X tons) ranks second in terms of the total imports with an X% share, followed by Vietnam (X%), Australia (X%) and Thailand (X%). The following importers - Japan (X tons) and Indonesia (X tons) - each accounted for a X% share of total imports.

India was also the fastest-growing in terms of the unvulcanised rubber imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), Thailand (X%), Indonesia (X%) and Australia (X%) displayed positive paces of growth. By contrast, Japan (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, Vietnam, Thailand, Australia and Indonesia increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest unvulcanised rubber importing markets in Asia-Pacific were China ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform